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Showing 2591 - 2600 of 28255 results for "NOT"

Ausbil executive departs after 23 years

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... retire at the end of the year after 23 years with the company. Since joining Ausbil, Grace made a significant contribution to not only the growth story of Ausbil but played an important role in shaping the Australian equity process, the firm said. Grace ...

Lazard enters local ETF industry with infra offering

JAMIE WILLIAMSON  |  WEDNESDAY, 12 JUN 2024
... predictable long-term earnings streams," Lazard Asset Management portfolio manager and analyst Warryn Robertson said. "In our view, not all infrastructure is created equal. Our unique approach focusses on a 'preferred' subset providing an asset class ...

Performance test covers managed accounts, SMAs: APRA

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... if a beneficiary can require the trustee of the fund to alter the covered class amount of the investment option, then it is not a TDP. Trustees also asked frequently about which benchmark representative administration fees and expenses (BRAFE) are used ...

Advice reforms draft laws consultation opens

KARREN VERGARA  |  WEDNESDAY, 12 JUN 2024
... disclosure information". The third proposal wants to ensure that monetary and non-monetary benefits given by a retail client are not conflicted remuneration. "The new definition of conflicted remuneration clarifies the law to achieve the intended outcome ...

GST rebate changes worsens cost of advice: SMSFA

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
Abolishing the rebate for the GST component of adviser fees from July 1 can aggravate the cost of financial advice, according to the SMSF Association (SMSFA). In a few weeks' time, superannuation funds and platform providers will no longer be able to ...

Super leaders take out King's Birthday honours

ELIZABETH FRY  |  TUESDAY, 11 JUN 2024
... roles on boards including Transurban, Virgin Australia, and led the Citibank Australia board. She has also chaired multiple not-for-profit boards, including Beyond Blue, the Foundation of Young Australians, Australians Investing in Women, Ausfilm, the ...

CSLR makes inaugural payments

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... Sydney's Hills District was paid $150,000 in compensation after receiving bad superannuation advice. AFCA found the advice was not tailored to reflect the couple's circumstances or goals. The adviser also poorly explained the risks failed to consider ...

Brighter Super awards custody mandate

KARREN VERGARA  |  TUESDAY, 11 JUN 2024
... country head for Australia Tim Helyar said: "This significant mandate further demonstrates State Street's commitments not only to Australia's superannuation industry but also Queensland as an important on-the-ground location for servicing our ...

Super tax concessions cost $54.5bn in lost revenue: Research

ELIZA BAVIN  |  TUESDAY, 11 JUN 2024
... recommended ending, or at least limiting, super tax concessions for the top 10% of earners and those whose high super balances do not meet the asset criteria for the part pension. The report found that super tax concessions cost $54.56 billion in foregone ...

Equip Super to introduce retirement specialists

ELIZA BAVIN  |  TUESDAY, 11 JUN 2024
... specialists are qualified to give general advice but more importantly provide guidance and support for all things retirement, not just the technicalities of retirement products." Higgie said the retirement specialists will assist members with any questions ...